Deutsche Bank calls oilfield services stocks underappreciated

Though offshore drilling fundamentals remain challenged, Deutsche Bank believes some oilfield services stocks (OIH) are "very underappreciated."

The firm's top three sector stocks: Baker Hughes (BHI +2%), with a long restructuring that's finally complete; Halliburton (HAL +1.3%), whose international margins should improve dramatically; and Nabors (NBR +1.2%), whose high-end U.S. rigs and strong international business will drive growth.

Also discussed: SLB, PTEN, NE, EXH.

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